New York

Commission Alternatives - Fees and Requirements

Charge fee in addition to or in lieu of collecting commissions?
Specific Disclosures or written agreements required to charge fees to a client?
Admin fees for insurance placement?
Charges for services unrelated to the placement of insurance?
Additional licensing required?
Producers may charge a fee in addition to or in lieu of receiving a commission for the sale of insurance, provided all compensation is disclosed in a written agreement signed by the insured. The producer may not receive compensation for the sale of insurance to an insured for whom the producer provided consulting services within the previous 12 months if the commission is not disclosed in the agreement. A producer may not charge a fee in addition to receiving a commission for placement with an appointed carrier. N.Y. Ins. Law § 2119. 
Yes.  Fees for consulting services must be disclosed in a written agreement specifying the amount and extent of the services and compensation.  The agreement must be signed by the client.  N.Y. Ins. Law § 2119. All compensation arrangements between an insurer and a broker, including contingent commissions, must be disclosed to clients in writing prior to policy placement. N.Y. Ins. Dep't Circular Ltr. No. 22 (Aug. 25, 1998).
See regs under charging fees in lieu of commissions

Malpractice Damage Cap

Damage Cap Amount

State Code

No cap